Why do I need an Insolvency Practitioner ?

Why do I need an Insolvency Practitioner ?

We realise that people find the thought of speaking to an Insolvency Practitioner (IP) very daunting as they have a pre-conception that IPs are the last resort, the end of the line assisting only with liquidation or bankruptcy.

IPs are highly qualified and strictly regulated, they have years of experience providing professional advice on all matters relating to insolvency, for businesses who cannot keep up with their financial commitments.

Using an IP does not necessarily mean having to declare bankruptcy or liquidation!

There are numerous options available to businesses experiencing financial difficulties, but it can be hard to figure out which is most suited to your individual position. An IP can advise you what all your options are and will only recommend solutions that are in the best interests of the business.

When choosing an IP, it is important that you take your time with the decision because you are trusting them with the business. You need to be clear on their advice and the solutions that they will be providing.

You should expect your insolvency practitioner be fully regulated and to deal with the company’s directors, shareholders and creditors fairly and ethically.

At Simply Corporate we provide a service that is not just timely and accurate but demonstrates the genuine care we have for each one of our clients

We understand that facing up to financial challenges can be an extremely difficult and stressful time. However, you should be reassured to know that there are solutions available and with our advice and support, you can take the necessary steps to improve your situation.

Be it overdrafts, business loans, HMRC arrears or cashflow issues these can all lead to a once profitable business into financial difficulties. Simply Corporate have the experience and expertise to advise on all conceivable scenarios and in finding a practical solution to your needs.

If your business is struggling financially speed is of the essence and it is key to seek our advice as soon as any warning signs have been spotted.